$3.5B data center deal in Virginia as Digital Realty buys Blackstone stake
Digital Realty has acquired a $3.5 billion equity stake from Blackstone-affiliated funds in three data centers in northern Virginia. The deal covers two facilities in Manassas and one in Sterling, with a total power draw of up to 96 megawatts. This transaction follows Digital Realty's recent acquisition of Alexandria-based Columbia Capital, an investment firm focused on data centers.
Digital Realty, an Austin-headquartered real estate investment firm, has announced a $3.5 billion deal to purchase an equity stake in three data centers in northern Virginia from Blackstone-affiliated funds. The transaction involves Digital Realty acquiring an 80% interest in two data centers located in Manassas and a 50% interest in a larger campus in Sterling.
The financing for the deal comprises $1.2 billion in cash and $2.3 billion in shares of Digital Realty. These data centers are significant, with power capabilities reaching up to 96 megawatts. This move follows Digital Realty's recent acquisition of Columbia Capital, an Alexandria-based investment firm with substantial interests in data centers.
In other regional news, Arlington Economic Development secured a $3.9 million state grant to further develop its innovation district. Additionally, cyber startup Twenty closed a $100 million Series B funding round.